Welcome to our dedicated page for Matson news (Ticker: MATX), a resource for investors and traders seeking the latest updates and insights on Matson stock.
Matson Inc. (MATX) delivers essential ocean transportation and integrated logistics services across Pacific trade lanes, serving as a lifeline for island economies and global supply chains. This news hub provides investors and industry stakeholders with comprehensive updates on Matson's operational developments and strategic initiatives.
Access timely Matson press releases, earnings reports, and analysis of maritime logistics trends. Our curated collection includes updates on fleet expansions, sustainability efforts, trade lane optimizations, and logistics network enhancements. Stay informed about key developments impacting transpacific shipping capacity and island community supply chains.
Key updates cover ocean freight operations, logistics service expansions, regulatory compliance changes, and strategic partnerships. Content is organized for quick scanning while maintaining depth for professional analysis. Regular updates ensure you never miss critical information affecting MATX's market position in maritime transportation.
Bookmark this page for continuous access to Matson's official communications and third-party analysis. Combine operational updates with broader industry context to better understand MATX's role in global trade networks and regional economic stability.
Matson has announced a significant leadership transition in its Logistics unit. Rusty Rolfe, Executive Vice President of Matson and President of Matson Logistics, will retire on July 1, 2025, after 24 years of transformative leadership. Under Rolfe's guidance, the company evolved from an intermodal marketing company to a comprehensive logistics services provider.
Jerome Holland, currently vice president of strategic planning and business development at Matson Logistics, will succeed Rolfe. Holland, who joined Matson in 2013, brings extensive experience in:
- Investor relations
- Strategic planning
- Mergers and acquisitions
- Business development
Holland's background includes 12 years in investment banking and corporate finance at shipping companies. He holds a bachelor's degree in economics from Queen's University and professional designations as a Chartered Accountant (CA, CPA) and Chartered Financial Analyst (CFA). Chairman and CEO Matt Cox emphasized that this transition aligns with Matson's commitment to succession planning and leadership development, ensuring seamless continuity for customers and business partners.
Matson (NYSE: MATX), a leading U.S. carrier in the Pacific, has announced its second quarter dividend payment. The company's Board of Directors has declared a dividend of $0.34 per common share. Shareholders who are on record as of the close of business on May 8, 2025, will receive the dividend payment on June 5, 2025.
Matson Inc (NYSE: MATX), a leading U.S. carrier in the Pacific, has scheduled its first quarter 2025 financial results announcement for Monday, May 5, 2025. The company will host a conference call at 4:30 p.m. ET (1:30 p.m. PT / 10:30 a.m. HT), featuring Chairman and CEO Matt Cox and Executive Vice President and CFO Joel Wine.
The earnings call will include a slide presentation and will be broadcast live on the company's website at www.matson.com under the Investors section. Interested participants must pre-register through the provided link to receive dial-in details and a unique PIN code. It is recommended to join 10 minutes before the start time. A replay will be available approximately two hours after the event via the company's investor website.
Matson (NYSE: MATX) has announced a significant expansion of its share repurchase program, with the Board of Directors approving an additional 3 million shares to the existing program and extending it through December 31, 2027. The company has already repurchased 11.5 million shares for approximately $1.0 billion since the program's inception in August 2021, with 0.5 million shares remaining under the current authorization as of February 26, 2025.
The expanded program will allow Matson to continue purchasing shares in the open market at its discretion, based on capital needs, stock price, and market conditions. The company maintains flexibility to suspend or discontinue the program at any time and may utilize Rule 10b5-1 plans to facilitate purchases.
Matson (MATX) reported strong Q4 2024 results with net income of $128.0 million ($3.80 EPS), up from $62.4 million ($1.78 EPS) in Q4 2023. Full-year 2024 delivered EPS of $13.93 with net income of $476.4 million and EBITDA of $738.9 million.
Q4 consolidated revenue reached $890.3 million, compared to $788.9 million in Q4 2023. The China service drove growth with significantly higher freight rates and a 7.2% volume increase. However, Hawaii volume declined 1.7%, and Guam saw a 10.0% decrease.
For 2025 outlook, Matson expects Q1 consolidated operating income to be meaningfully higher year-over-year. Full-year performance will largely depend on Red Sea trade normalization timing. If Red Sea disruptions resolve by mid-2025, operating income is expected to be moderately lower than 2024's $551.3 million. If disruptions persist through year-end, 2025 operating income could approach 2024 levels.
Matson (NYSE: MATX), a leading U.S. carrier in the Pacific, has scheduled its fourth quarter 2024 financial results announcement for February 25, 2025. The company will host a conference call at 4:30 p.m. ET, featuring Chairman and CEO Matt Cox and Executive Vice President and CFO Joel Wine to discuss the quarterly results.
The conference call will include a slide presentation and will be broadcast live on the company's website at www.matson.com under the Investors section. Participants are encouraged to register for the call in advance and join 10 minutes before the start time. A replay will be available approximately two hours after the event through the company's website.
Matson (NYSE: MATX) has announced its participation in the upcoming Stifel 2025 Transportation & Logistics Conference in Miami, Florida on February 11, 2025. The company's Chairman and CEO, Matt Cox, will be attending the event.
For investors and interested parties, Matson will make the presentation slides accessible through their website www.matson.com under the Investors section on the day of the conference.
Matson (NYSE: MATX), a leading U.S. carrier in the Pacific, has announced that its Board of Directors has declared a first quarter dividend of $0.34 per common share. The dividend will be distributed on March 6, 2025 to shareholders of record as of the close of business on February 6, 2025.
Matson (NYSE: MATX) announced its participation in the Stephens 2024 Annual Investment Conference in Nashville, Tennessee on November 20, 2024. Joel Wine, Executive Vice President and Chief Financial Officer, will present a company overview and engage in a Q&A session. The presentation slides will be accessible to the public on Matson's website (www.matson.com) under the Investors section on the day of the event.
Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, announced its third-quarter 2024 results with a net income of $199.1 million, or $5.89 per diluted share, up from $119.9 million, or $3.40 per diluted share, in Q3 2023. Consolidated revenue rose to $962.0 million from $827.5 million year-over-year. Operating income increased to $242.3 million from $132.1 million, and EBITDA reached $289.4 million, up from $175.1 million in the same period last year.
Matson repurchased 0.4 million shares and raised its full-year 2024 operating income outlook. The company highlighted strong performance in its Ocean Transportation and Logistics segments, driven by higher freight rates and demand in China.
Looking ahead, Matson expects Q4 2024 operating income to be meaningfully higher than the $75.3 million achieved in Q4 2023, with stable but moderated freight rates and steady performance in domestic tradelanes.
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